On Friday, four students from Brandenburg and Saxony were awarded a €50,000 grant to start their own company. The Potsdam computer science students, Alexander Schulze and Jonas Kemper (both 24), and the Leipzig business students, Josefine Niemand (32) and Luisa Strachwitz (27), won as a team the first joint startup competition of the Potsdam Hasso Plattner Institute (HPI) and the Leipzig Graduate School of Management (HHL). The team’s startup is sponsored by the venture capital fund: Hasso Plattner Ventures (HPV). Three other teams also made it to the final round in Potsdam. HPI Director Prof. Dr. Christoph Meinel, HHL Rector Prof. Andreas Pinkwart and HPV Managing Director Yair Re'em congratulated the winners and presented them with their award check.
The winning student quartet successfully presented their business idea to the jury. It combines time-recording software and hardware and is available online. “The existing solutions are insufficient for small and mid-size companies due to their expensive and complicated nature,” said HPI student Schulze, who originally comes from the Thuringian town of Arnstadt.
“Surprisingly, 45 percent of the companies involved still record their time manually and 23 percent don’t do it at all,” his classmate Kemper, originally from Wuppertal, added. The team wants to bring its innovative time recording solution to the market in June. According to its own information, Schulze says “there are already customers waiting to take advantage of the offer.”
The final round of the first HPI and HHL student startup competition also featured an application to easily facilitate the recording of all forms of notes, via intelligent proposals. Additionally, a website summarizing the most important articles on a specific topic was presented. Here, users get an instant overview of the status of the most recent discussions based on chronologically sorted articles. The startup competition further included an Internet marketplace to facilitate finding and renting an apartment. The business idea saves both landlords and tenants time and money.